New-York tribune., 1887-12-12

Tho exchanges at the New York Clearing Hsuse last
week aggregated 1851 .s52 Oi3, which sum is 500
900 smaller than fer the week Of 1885. Tss decline
OF this from the amounts Of each Of the preceding
tions tho stsck Exchange. Tue exchanges arising
from mercantile operations were greater thas In the
the sola NewYork stock Exchange for tho
week OF three years com ARE a. folovs;
:ss1: SssSs.s
As was foreshadswsi in these columns week ago. the
local money market has gravtated toward easier rates
Mercantile paymssts are being made with unusual
from leans for shipment to Europe, all coz
rns frs'e rno pcy leans Sas S a@a
per cent and Friday-hgh day at'ths stock Ex
rae @ MOT 90 S per cent sna an s
usual calling in OF loans asticipSory to payments Sf
legal rate for call loans. The Treasury nay. hsw.
ever. anticipate the payment, without rebate Of Its
small amount which already has been paid with dis.
count OF per cent per annam And n any temporary
douo that the action OF the Treasury would 10 prompt
At q, events It Is .%y gsson Sr n1asSr x over ins
twenty yday loans at per cest The domestic sxensngss
are less naa usual Sr ING season aSss .s
OF cotton at the ssn;s We quote Newfsrk checks-at
Orleans. commercial, Si so discount, bank par; St
Louis so cents dscoust and Chicago 20 cents preainM
Nome Of these rates will take away from New
York excspt through the agsacy Of the Treasury whsre
the cost is covered by deposit here OF gold
The foreign exchanges have ruled dull asl weak and
rates again down c.se to the gold importing point
CONTINUES large sltlsagh in the last two w.sKs falling
behnd the heavy movement OF the sane Nv weeks lsso
l9ossl In the week OF 1856 but making toa 9n since
il ths saas tine Of iss6. The Bureau Of statistics At
Washington reports the cotton exports for November at
bales valued at $l 252 9ss In November 1sS6-a gain
of 50 339 AMI OF petroleum S3,7i3o4 Last MONTH
s574.ii s57i"ii :'''''''0' J." '0''A''' ''' ''''
The Chronicles usual monthly table OF railroad earn
s' I an ic
$26.752sss on 51.Goa miles IN Nsvember. lss0 ihe
s. a are s5 Ss. n'"rs 10 Stg ''~s ps "
TnE 1HiBrSE na. printed the returns, st sgn!
week Of this yoar a. aggregats Of s759.oG4 against
827s2l for the week of lesG-a gaia Of Si3 .2i3 or
ported their weekly earnings in 1883 gave in the week
OF 1856 gain the week of 1885 of 93 per cen and
this gain OF - per cent on the week OF 1856.
The steck market last week however: gave , no re-,
Spouse to favorable railroad earnsgs or to the hshy
from liberal European buying Of certain speclatss
tss wi'h 'pGs'Udn' s d ":F' % na
these large majority sold stscks which they did ret
principally were in short "-phantom-siocks for
both sides OF the aecounS. Tho market on
we're added TO- the late improvements of the
preceding week Tuesday was waiting day till the
"bsars J" Immediately captured. not only the message,
but also Its author and carried DOtn Into camp aud dur
from behind which continuous fusilaie of predic-
| toxs. warnings and threats was poured upon
the market 1t wonl be useless to deny that the pop
shsts effective to the extent that woud-se by
Induced TO hold of and walt devclopments but
there indications tha long" stocks other than
those Of traders, were developed.
| The persistent weakness Of Mr.. GOull's stocks
unique Hably factor in the market TO the extent
that deters buying of the general list 1t Is mystery
certain disaster and all remember that in tho past Mr.
Gould never was rs powerful as when ne
since thass days. tre country has some
tons OF prices the stock Exchange are not produsve
OF the sxtent of evil they we're four years age
Probably within twenty years have there been rs
and other financial institutions as there are now. Hence
while large and small traders combine to marx price.
down they fail to affect the arket beyond that OF thclf
sales "f fictitious stocks which must be bsught Daek
One Is tempted 70 wsnder what tho OF operators
who control Wall street prices would have done
In December. 1880 when in tive weeks the bank loans
$23.OOO,00O. and the cash declined S5,7OO.rO0. What
the public OF that date did do buy OF the none
tary scare OF the perod Canada Southern rose from IN
froH 75 to So st. Pau from lO5l4 to l, Northwest
srH from 1854 to l25Ia Rock Island from l22l4
| to 13I, Lackawanna from 100 to l0lai. Lake Shore
from Iis4 to I247s. Louisville aud Nashville from s9l9
to 81 Michigan Central from 1lOi2 TO 1l7 New York
Central Hudsoa from 14l to 145l2, Erie from AN
lO7a. And they all went great deal
higher afterward and not OF the companies
at tnat period was making as much honest money AS
each Is making now nor one OF them III as sound
financial condition as now.
Subcnsi is usual table OF the highest lowest and
nal prices aad number Of shares sold Of sovenS-three
active stocks together with the hna
prices ef week ago. prehxed by the prices OF Decen
ber IL, 1886:
| WEEKLY RANGE.